If Elon Musk’s Boring Company succeeds, the fantasy of slipping into a pod and being whisked from Washington, D.C. to New York City in less than 30 minutes may become a reality. As startling as that might be, such transformational projects are nothing new. Think of how Americans of a half-century ago felt once the national interstate highway system was complete and a cross-country road trip shortened from two weeks to five days. Infrastructure improvements in the U.S. – such as the interstate system, built in the 1950s and 1960s, the first transcontinental railway in the 1860s, and the Erie...

Carl Jensen experienced what he calls “the awakening” sometime around 2012. He was a software engineer in a suburb of Denver, writing code for a medical device. The job was high-pressure: He had to document every step for the Food and Drug Administration, and a coding error could lead to harm or death for patients. Mr. Jensen was making about $110,000 a year and had benefits, but the stress hardly seemed worth it. He couldn’t unwind with his family after work; he spent days huddled over the toilet. He lost 10 pounds. After one especially brutal workday, Mr. Jensen Googled...

HAS the recent Facebook data scandal got you a little paranoid about sharing information on the internet? asks Jody Chudley, financial analyst for The Daily Edge, in Addison Wiggin's Daily Reckoning. I don't blame you. After all, Facebook has access to some of your most personal information. I'm talking about every message you've ever sent or been sent, every contact in your phone and even access to your computer's camera and microphones. Now would you like to get a lot more paranoid? Okay. Let me introduce you to a company called In-Q-Tel. This is a venture capital firm funded by...

UPS said Tuesday that it is making a "strategic cross-border investment" that serves a manufacturing region across New Mexico, Texas and part of Mexico. The Atlanta-based logistics giant announced development of a new package operations center to support commercial and residential commerce in the growing North America Borderplex. The $41 million facility in El Paso, Texas adds 153,000 square feet of new processing capacity to the UPS Smart Global Logistics Network for automotive, electronics, appliances and machinery producers, according to a news release. It is expected to begin operating in late 2018. The investment stretches into Ciudad Juarez, Chihuahua, Mexico,...

Full title: America First: European CEOs Go One By One To Tell Trump They Are Investing Billions Back In The US President Donald J. Trump hosted a dinner with European business leaders and CEOs at the World Economic Forum in Davos, Switzerland Thursday evening. Trump has been making the rounds in Davos, holding bilateral meetings with other world leaders and conducting business roundtables. Trump met with various business leaders in shadow of the recent economic boom in America. In a stunning moment, one by one, European titans of industry from companies like Adidas, Siemens and Bayer went around the table...

With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores. Instead, it is using $15 billion to buy back shares of its own stock, a move that will reward shareholders including chief executive Craig Menear. Home Depot’s statement was a reminder that corporate America may have other plans for that cash. Several companies already have indicated that they will use excess funds to pay off debt, increase dividend payments or repurchase their own shares rather than create new...

In a fillip to India’s highway development programme, the Union cabinet chaired by Prime Minister Narendra Modi on Tuesday approved a plan to build thousands of kilometres of roads and highways over the next five years at a cost of about Rs 7 lakh crore, a spending push that could help generate jobs and lift the economy. Announcing the Cabinet decision, Union finance minister Arun Jaitley called this public expenditure on infrastructure projects as “unprecedented” and “something which has not happened in the country till date.” The plan involves constructing 83,677 km of roads, highways, green-field expressways and bridges in...

Index rises to +138, highest since +147 in September 2000Hike is latest in 98-point rise since February 201668% optimistic about stock market -- tied for highest percentage on record WASHINGTON, D.C. -- A new surge of optimism among U.S. investors has pushed the Wells Fargo/Gallup Investor and Retirement Optimism Index to its highest level since September 2000. The index, after rising in every quarter since the start of 2016, leveled off in the second quarter at +124 before rising to its current +138 in the third quarter. The latest boost in optimism pushes the index almost 100 points higher...

With the finances of disgraced Fyre Festival concert promoter Billy McFarland being questioned, major investors in the concert-turned-fiasco are facing unexpected scrutiny and potential liability for the money lost. Unpaid vendors, employees and attendees of the Bahamas concert that was canceled before it began have filed 11 civil lawsuits, which include six class actions and five private suits, and all will be seeking damages.... ...McFarland was arrested in New York on June 30 and released on $300,000 bail the next day. The 25-year-old entrepreneur was represented by a public defender at the bail hearing, but has since retained Boies Schiller...

As President Trump begins his first presidential trip abroad in Saudi Arabia, an investment company run by one of his top supporters, the billionaire Stephen A. Schwarzman, has secured an enormous investment from the Middle Eastern kingdom. The company, Blackstone, which Mr. Schwarzman helped found, said on Saturday that Saudi Arabia’s sovereign wealth fund had committed $20 billion to a new investment fund aimed at infrastructure projects, primarily in the United States. The commitment is about half of the capital Blackstone plans to raise for the fund. All told, including potential borrowed money, the new fund could invest more than...

The EB-5 program will get you permanent residency in the US through capital investment With the new US President's anti-globalisation and anti-immigrants stance, those wishing to toil their way in to a US citizenship might find it hard in the near future. But money might buy you a rightful place under the US sun. This can be achieved with the help of the EB-5 program, that can get you permanent residency and eventually citizenship, provided you have a deep pocket. Many countries, including the UK, Australia and exotic locales such as Malta and Cyprus provide a channel to high networth...

Ford Motor Co. is set to announce new investments in three plants in Michigan, reports reveal. The carmaker will reportedly invest a “significant amount” in assembly plants in Wayne, Flat Rock, and its Romeo Engine Plant, according to The Detroit News. The latest news of the carmaker’s U.S. expansion comes only two months after the company announced it was investing up to $700 million in its Michigan facilities. In February, Ford CEO Mark Fields said his company’s decision to create jobs in America rather than in Mexico is a “vote of confidence” in Trump’s incoming administration and the pro-business environment...

CINCINNATI - U.S. Sen. Sherrod Brown, D-Ohio, will highlight in downtown Cincinnati this morning key infrastruture projects, such as the Brent Spence Bridge, as he outlines a framework to rebuild and repair the country’s infrastructure which will create millions of construction jobs. The northern Ohio Senator will be joined by Cincinnati Mayor John Cranley, Port of Greater Cincinnati Development Authority President and CEO Laura Brunner, and OKI Regional Council of Governments Deputy Executive DirectorRobert Koehler. President Donald Trump previously promised $1 trillion of investment in American infrastructure during his campaign. Brown joined Senate colleagues to release a roadmap for making...

A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...

Dear Editor, With Donald Trump’s confrontational, headstrong, and unflinching attitude towards policy and the presidency, many have found him difficult to get along with and have placed him in the category of ‘most unreasonable’. In fact, the US is already reeling from decisions made by the president in the first three weeks of his tenure. Say what you will, but sometimes we need a strong leader who is not willing to compromise on what he believes to be the right thing to do. Don’t get me wrong, I am neither a Trump supporter, nor am I in favour of his...

In a little-noticed action on Inauguration Day, the Oregon State University board of trustees voted overwhelmingly to sell most of OSU’s $8.8 million in fossil fuel stocks. The action capped a four-year campaign by faculty and students under the banner of OSU Divest to rid the campus of its stake in carbon-­emissions-heavy energy such as oil, gas and coal. “I was thrilled. It’s been four years,” said OSU education professor Ken Winograd, who added that it was a coincidence that the divestment vote came on the day that President Trump, a climate skeptic, took office.

The worldâ€™s largest contract manufacturer of electronics, the principal supplier of iPhones and iPads, has let it be known that Pennsylvania may be the home of a massive investment in US manufacturing. Bloomberg reports: Â Foxconn Technology GroupÂ is considering building a U.S. display-making facility for upwards of $7 billion, a major investment for Apple Inc.â€™s main manufacturer that may create tens of thousands of American jobs during President Donald Trumpâ€™s first year in office. The company is considering a joint investment with Sharp Corp.[1], the Japanese display supplier it bought last year, but details have yet to be hammered out,...